President Donald Trump's ongoing trade war through tariffs continues to impact various industries and companies in the US. In the pharmaceutical sector, drug company Merck recently spoke out against the tariffs, warning of the detrimental effects on the pharmaceuticals industry. This comes as tech giant Google reported strong earnings despite the trade tensions.

Small businesses are feeling the pressure as they push for tariff exemptions, while American importers are finding themselves in a difficult position due to the steep tariffs imposed by the Trump administration. The apparel industry is also feeling the pinch from China tariffs, impacting businesses in the US.

The UK is facing a slowdown in growth as confidence hits a record low due to the tariffs imposed by Trump, with car manufacturers being hit particularly hard. Meanwhile, AstraZeneca is reassessing production in the US as they navigate the tariffs affecting their operations in the UK and Europe. Whether these tariffs will ultimately benefit or harm the US economy remains to be seen as the trade war continues.